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Singapore experiences slowest population growth in 10 years

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Singapore experiences slowest population growth in 10 yearsAccording to National Population and Talent Division (NPTD), Singapore’s population grew by a measly 1.3 percent in the past year – the smallest increase rate in the last decade. The citizen population has expanded to 3.34 million, while the permanent resident population remained at 0.53 million. 12.4 percent of the population was made out of citizens aged 65 and above. This is a 0.7 percent increase from the numbers last year. In an effort to prevent the citizen population from shrinking, the government intends to take in between 15,000 – 25,000 new citizens each year. As for ensuring that the PR population is stable, it will allow approximately 30,000 PRs each year. Attributable to the continuous effort to slow down the growth of Singapore’s foreign workforce, the statistics reflect that the rise in non-resident population has dropped from 4 percent in 2013, to 2.9 percent this year. There’re currently about 1.6 million foreigners residing here. The reverse proportion between the growth in citizen population and its fraction of elderly means that 5.2 working citizens are now supporting each elderly person – a drop from 7.6 in 2004. Fewer Singaporeans got married in the past year, clocking in at 21,842 marriages in 2013. Fewer babies were born, with the total resident fertility rate (TFR) dropping from 1.29 in 2012, to 1.19 last year. Top photo: AFP

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